DGAP-News: Prolongation of the tender offer period for the takeover of Turners & Growers by BayWa AG

DGAP-News: BayWa AG / Key word(s): Miscellaneous
Prolongation of the tender offer period for the takeover of Turners &
Growers by BayWa AG

07.02.2012 / 09:21

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Prolongation of the tender offer period for the takeover of Turners &
Growers by BayWa AG

BayWa AG has prolonged the tender offer period for the takeover of Turners
& Growers (T&G), New Zealand's leading distributor, marketer and exporter
of premium fresh produce, until 7 March 2012. This is a planned and regular
prolongation as the Overseas Investment Office (OIO), New Zealand's
regulatory authority, is still in the process of approving for this
transaction.

BayWa currently has the consent of the shareholders for the takeover of
nearly 70 percent of the shares in T&G. The takeover offer must remain open
until the OIO has concluded its assessment. The German Federal Cartel
Office gave its approval for the takeover of T&G by BayWa back in December
2011.




Contact:
Marion Danneboom, BayWa AG, Head of PR/Corporate Communication, 
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 22-36 98, 
e-mail: marion.danneboom@baywa.de 


End of Corporate News

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07.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                                    
Company:     BayWa AG                                                   
             Arabellastraße 4                                           
             81925 München                                              
             Germany                                                    
Phone:       089/ 9222-3691                                             
Fax:         089/ 9222-3698                                             
E-mail:      marion.danneboom@baywa.de                                  
Internet:    www.baywa.de                                               
ISIN:        DE0005194062, DE0005194005,                                
WKN:         519406, 519400,                                            
Listed:      Regulierter Markt in Frankfurt (Prime Standard), München;  
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,      
             Stuttgart                                                  
 
 
End of News    DGAP News-Service  
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155646 07.02.2012